RTX combines defense urgency, commercial aerospace recovery, and a $271 billion backlog—but the Pratt & Whitney GTF crisis remains the key swing factor.
Overview
RTX is a diversified aerospace and defense leader spanning Collins Aerospace, Pratt & Whitney, and Raytheon. Its roughly balanced revenue exposure—about **48% commercial aerospace** and **52% defense**—creates resilience across cycles. Collins supplies avionics and aircraft systems, Pratt & Whitney provides commercial and military propulsion including the GTF and F135, and Raytheon delivers missiles, radars, air-defense systems, and space sensors. RTX’s competitive edge comes from technological overmatch, integrated scale, and long-duration installed-base lock-in, particularly in engines, avionics, and defense systems serving governments, airlines, and aircraft OEMs.